Pune records 14,622 property registrations in July 2025; collects over INR 648 crores in stamp duty revenue: Knight Frank India

Pune records 14,622 property registrations in July 2025; collects over INR 648 crores in stamp duty revenue: Knight Frank India

• Property registrations increased by 6% YoY in July 2025
• Over 130,000 properties registered since January 2025

Pune  August, 2025: Knight Frank India, in its latest report, noted that property registrations in Pune rose 6% year-on-year (YoY) to 14,622 July 2025, generating INR 648 crore in stamp duty revenue in the month. Stamp duty collections increased by 24% YoY in July 2025.

Property registrations and Stamp duty collection

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)

Property registration and Stamp duty collection

A year-to-date (YTD) assessment reveals that Pune’s property market remained  stable in terms of number of property registrations, recording its highest property registration volume as well as stamp duty collections for a comparable period in the past four years. Compared to the same period last year, property registrations rose by 15% while stamp duty collections saw a 20% increase.

Property registration and Stamp duty collection

The share of homes priced above INR 1 crore rose from 14% in July 2024 to 16% in July 2025, highlighting growing interest in premium housing. However, with properties priced up to INR 1 crore still accounting for the overwhelming majority at 83%, the overall demand remains largely anchored in the up to 1 crore segment, indicating a market that is expanding at the top while staying broad-based at its core.

Share of ticket size for residential property transactions

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)

Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, “Pune’s housing market held onto its growth streak in July 2025, with property registrations rising 6% YoY and stamp duty collections jumping 24% over last year. Strong market fundamentals, backed by steady demand in the mid to high-value categories and preference for larger apartments, continue to drive activity.”

The demand for larger apartments remains strong, with the share of units exceeding 800 sq ft rising from 31% in July 2024 to 33% in July 2025. This trend underscores the continued preference for spacious homes in the post-pandemic era.

Share of area for residential property transactions

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)

In July 2025, Central Pune which includes Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), maintained its lead in residential transactions, accounting for 76% of the market. However, this represented a slight decline from the previous year as emerging developments in other parts of the city catered to evolving home buyer preferences. West Pune, which includes Mawal, Mulshi, and Velhe, held the second-largest share at 15%, while North, South, and East Pune collectively contributed 9% of transactions during the same period.

Share of micro markets for residential property transactions

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR